Q2 25 EPS
$0.19
BEAT +19.20%
Est. $0.16
Q2 25 Revenue
$620.2M
BEAT +0.57%
Est. $616.7M
vs S&P Since Q2 25
-54.5%
TRAILING MARKET
WGO -19.3% vs S&P +35.3%
Market Reaction
Did WGO Beat Earnings? Q2 2025 Results
Winnebago Industries navigated a difficult fiscal second quarter, posting adjusted EPS of $0.19, down 79.6% year-over-year, as consolidated revenues fell 11.8% to $620.20 million, with the steepest drag coming from a 30.4% collapse in Motorhome RV re… Read more Winnebago Industries navigated a difficult fiscal second quarter, posting adjusted EPS of $0.19, down 79.6% year-over-year, as consolidated revenues fell 11.8% to $620.20 million, with the steepest drag coming from a 30.4% collapse in Motorhome RV revenues to $235.60 million as dealers aggressively unwound field inventories against a backdrop of elevated interest rates and uneven consumer sentiment. The GAAP result was a net loss of $400,000, or $0.02 per diluted share, though management pointed to sequential margin improvement across all three segments as evidence of underlying operational progress. Not all segments struggled; the Marine business stood out with revenues climbing 17.1% to $81.70 million and adjusted EBITDA surging 75.7%, while Barletta's U.S. Aluminum pontoon market share rose 140 basis points to 9.5%. The company also retired $100.00 million of higher-cost senior secured notes and repurchased $20.00 million in stock. Looking ahead, Winnebago guided fiscal 2025 revenues to $2.80 billion to $3.00 billion, with adjusted EPS of $2.75 to $3.75, incorporating estimated tariff impacts and anticipated pricing offsets.
Key Takeaways
- • Marine segment volume growth of 21.3% in unit deliveries and targeted price increases
- • Towable RV unit volume growth of 7.1% partially offset by lower average selling prices from product mix shift
- • Motorhome RV volume declines of 36.8% as dealers reduce field inventories amid higher interest rates
- • Sequential profitability improvement driven by margin growth across all segments
- • Operational efficiencies partially offsetting volume deleverage
WGO YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
WGO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Winnebago Industries continues to demonstrate solid performance in our strategic markets, leveraging product differentiation and sharper affordability options to maintain healthy market share in our core premium and mid-range RV segments. We're expanding our RV brand portfolio with new products across diverse price points, while maintaining our commitment to profitability.”
— Michael Happe, Q2 2025 Earnings Press Release
WGO Earnings Trends
WGO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WGO EPS Trend
Earnings per share: estimate vs actual
WGO Revenue Trend
Quarterly revenue: estimate vs actual
WGO Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 MISS | $0.78 | $0.66 | -14.89% | $698.7M | -7.84% |
| Q2 26 BEAT | $0.24 | $0.27 | +13.07% | $657.4M | +4.82% |
| Q1 26 BEAT | $0.14 | $0.38 | +177.37% | $702.7M | +11.26% |
| Q4 25 MISS FY | $0.53 | $0.49 | -7.88% | $777.3M | +7.01% |
| FY Full Year | $1.49 | $0.91 | -39.00% | $2.80B | +1.89% |
| Q3 25 BEAT | $0.79 | $0.81 | +2.22% | $775.1M | +0.04% |
| Q2 25 BEAT | $0.16 | $0.19 | +19.20% | $620.2M | +0.57% |